Presentation Title This course developed by The Environmental Finance Center at UNC Chapel Hill for The North Carolina School of Science and Math and NCDPI.

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Presentation Title This course developed by The Environmental Finance Center at UNC Chapel Hill for The North Carolina School of Science and Math and NCDPI is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported LicenseCreative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License “Cattle at Sunset” by Andrew S. Gray Photography, Creative Commons CC BY-NC-SA Agricultural Microeconomics Lesson 7: Intro to Spreadsheet Modeling This course developed by The Environmental Finance Center at UNC Chapel Hill for The North Carolina School of Science and Math and NCDPI is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported LicenseCreative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License

Photos by: Nancy Ranney, Ranney Ranch. Used with permission Using Spreadsheets Net Earnings Statement Cost-Benefit Analysis Cash Flow Analysis Pro-forma (future) statements Scenario Analysis Graphing

Photos by: Nancy Ranney, Ranney Ranch. Used with permission Meet the Spreadsheet Get to Know Excel 2010: Meet the Spreadsheet

Photos by: Nancy Ranney, Ranney Ranch. Used with permission Adding Column Titles Get to Know Excel 2010: Create Column Titles

Photos by: Nancy Ranney, Ranney Ranch. Used with permission Adding Column Titles Item Description Months – January – February – March – etc. 12-Month Total

Photos by: Nancy Ranney, Ranney Ranch. Used with permission Adding Row Titles Revenue from Bulk Beef Sales Revenue from Packaged Beef Sales Total Revenue Pasture Costs Supplemental Feed Mineral Supplement Vaccinations Processing Charge Packaging Charge Labor Machinery and Equipment Marketing Certification Fees Property, Taxes and Insurance Debt Repayment Total Operating Costs Net Earnings

Photos by: Nancy Ranney, Ranney Ranch. Used with permission Adding Rows and Columns Get to Know Excel 2010: Get More (or Less) Columns, Rows and Spreadsheets

Photos by: Nancy Ranney, Ranney Ranch. Used with permission Entering Data Use data from Piedmont Farm Case Study (or make up your own). Think about seasonality of revenue and expenses: – Does all revenue come in equally during the year or is it different in some months? – Do some expenses only occur during certain times of the year? Don’t worry about adding up the numbers (for now).

Photos by: Nancy Ranney, Ranney Ranch. Used with permission Do Basic Math Get to Know Excel 2010: Do Basic Math in Excel

Photos by: Nancy Ranney, Ranney Ranch. Used with permission Formatting Currency Formatting Underline Formatting

Presentation Title This course developed by The Environmental Finance Center at UNC Chapel Hill for The North Carolina School of Science and Math and NCDPI is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported LicenseCreative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License “Cattle at Sunset” by Andrew S. Gray Photography, Creative Commons CC BY-NC-SA Next Class: Advanced Spreadsheet Modeling This course developed by The Environmental Finance Center at UNC Chapel Hill for The North Carolina School of Science and Math and NCDPI is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported LicenseCreative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License